Why is Impex Ferro Tech falling/rising?

As of 16-Jul, Impex Ferro Tech Ltd's stock price is currently at 2.10, reflecting an increase of 0.09 or 4.48%. The stock has shown a positive trend recently, gaining 6.6% over the last two days and outperforming its sector by 4.35%. However, despite this short-term gain, the stock has experienced significant declines over longer periods, with a year-to-date drop of 28.57% and a staggering 39.31% decrease over the past year. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength, particularly given its poor sales growth and high debt levels.
In the broader market context, while Impex Ferro Tech's recent performance has been positive, it still contrasts sharply with the benchmark, as the Sensex has gained 5.75% year-to-date. The stock's recent gains come amidst a backdrop of consistent underperformance against the benchmark over the last three years, indicating that while there may be short-term investor interest, the long-term outlook remains precarious. The lack of recent financial results and the company's ongoing financial struggles suggest that the stock's rise may not be sustainable in the face of these challenges.